Insurance Technology Industry News

[December 18, 2012]

Gender-specific Deadline Close for Insurance Shoppers

HALESOWEN, England, December 18, 2012 /PRNewswire via COMTEX/ --
In 2011 the European Court of Justice arrived at a landmark decision which is set to alter the entire insurance industry. In the next couple of weeks motorists in the UK will find out just what the EU gender ruling means in terms of the cost of their insurance premiums. Car Insurance Quotes UK is urging people to act fast to limit any negative effect the ruling may have for them.

The EU gender ruling will change the face of insurance as we know it. This is because the decision taken in 2011 meant that insurance companies could no longer discriminate on the grounds of gender. Many car insurers have offered lower premiums for women because they have proven safer drivers over the years, but this is a strategy they won't be able to carry out for much longer.

The crucial date for motorists is 21st December 2012 - just over a week away. On this date, the gender ruling comes into effect in earnest, although some insurers have already changed their stance and altered their premiums in advance.

Car Insurance Quotes UK is a website that specialises in helping people to go compare the car insurance market in order to find the best deal available. From the 21st December, they will be generating quotes according to the new rules, but there is still time for people to run searches before the deadline.

The advice for female motorists is to take to the internet as soon as possible, because it only takes a matter of minutes to generate dozens of quotes from different insurers. These quotes can be looked at in closer detail and taken up straight away if they are deemed satisfactory. The result may be a saving of hundreds of pounds for female drivers.